US Trade Deal With China 'Moving Along Nicely'

24 May, 2018, 03:49 | Author: Cecil Buchanan
  • Analysts Weigh In On US-China Trade Developments

The bill passed the panel 25-0 and now advances to the full Senate for a vote.

President Trump has already suggested that there is a deal to be done, but it could still be punishing for ZTE.

"What's different is the way it's all been done in public, on Twitter", she said.

Representatives for the White House did not immediately respond to a request for more details about the president's statement.

"When I looked at it I said, you know, they could pay a big price without necessarily damaging all of these American companies, which they are because you know you're talking about tremendous amounts of money and jobs", he said.

Republican Senator Marco Rubio said he thought China had gotten the upper hand in recent negotiations on trade and North Korea denuclearization.

U.S. Treasury Secretary Steven Mnuchin denied that his government is offering relief for ZTE in exchange for trade concessions.

Shenzhen, China-based ZTE depends on USA components, such as chips from Qualcomm Inc, to build its smartphones and networking gear.

The ban has threatened the viability of ZTE by cutting off access to companies that supply 25 percent to 30 percent of its components.

National Football League owners to vote on changes to anthem policy
DeBartolo Memorial Scholarship Foundation celebrity dinner and auction Friday night. "He's fired, '" Trump said a year ago . The Game Operations Manual will be revised to remove the requirement that all players be on the field for the Anthem .

Kelly Sued for Sexual Assault by Former Girlfriend
According to the legal docs filed in NYC, Faith Rodgers says she met the singer in March 2017 after his show in San Antonio. The suit, which was filed in New York Supreme Court, states allegations of sexual battery, fraud and false imprisonment.

Death toll in DR Congo Ebola outbreak now at 27
Congo President Joseph Kabila and his Cabinet agreed Saturday to increase funds for the Ebola emergency to more than $4 million. More than 7500 doses are available in Congo, WHO said on Monday, and another 8000 doses will be available in the coming days.

On May 8, FT's Martin Wolf described America's "draft framework" guiding U.S-China trade talks earlier that week as "an ultimatum" from the Trump "administration (that) is either so foolish that it does not understand (trade) or (is) so arrogant that it does not care". But Trump said on Tuesday that he had agreed to re-examine the matter as a personal favor to Chinese President Xi Jinping. "Any changes to this will fully support the mandate of making sure our sanctions and our technology are protected".

The deal would un-do the the seven-year ban on USA companies trading with ZTE, implemented in April after the company violated the terms of an earlier settlement for busting United Nations sanctions on Iran and North Korea.

Commerce Secretary Wilbur Ross said last week the administration is exploring "additional remedies" to its harsh punishment of the Chinese smartphone maker.

The latest word is that Trump wants a complete management overhaul at ZTE and a $1.3bn "fine" paid to lift the restrictions which prevent the company from buying parts made by American companies.

He declined to comment on what alternative remedies Commerce may be considering.

"The objective was not to put ZTE out of business", Mnuchin said.

The US initially fined ZTE $1.19 million in March 2017 for violating sanctions against Iran and North Korea. But it then went a step further to impose a seven-year ban on United States companies buying and selling ZTE products.

Correction: An earlier version of this article incorrectly referred to Senator Charles Schumer.



Wentz says he'll go to White House, throws passes at OTAs
I've never obviously had an injury of this magnitude with this type of timetable for return and everything", said Wentz. While he's "antsy" to be healthy and ready to roll, he knows he must continue to capture these small wins every day.

Dad says Santa Fe shooting suspect was bullied; school rejects claim
A church group will host a gathering at a football stadium to honor those killed and injured during a Texas high school shooting. The father, who owns a Houston-based shipping fix company, said his family was distraught over the mass shooting.

Jared Kushner: Security clearance restored for Trump's son-in-law
Lowell said Kushner answered all questions and "is looking forward to continuing the work the president has asked him to do". President Trump's son-in-law and senior adviser, Jared Kushner , got his white house security clearance back on Wednesday.

Unai Emery opens up on replacing Arsene Wenger
Arteta was the favourite last week and he expected to be given the opportunity, despite his lack of managerial experience. Before his time in France he spent three years at Sevilla , winning three consecutive Europa League trophies.

Venezuela expels top USA diplomat
Hundreds of thousands of people have fled the country to escape the growing deprivation. The United States immediately threatened to retaliate.

RBSE 12th Result 2018 to be Announced Today at rajeduboard
The Rajasthan Board of Secondary Education (RBSE) declared the Class 12th commerce stream result 2018 today (23 May) at 6.15 pm. The RBSE 12th Result 2018 will be declared today at 6:15 pm by the Rajasthan Board of Secondary Education (RBSE).

Profits dive 62pc at M&S
It is attempting to reduce costs by at least £350 million, with it seeking to close 25% of its legacy Clothing & Home space. Marks & Spencer's group revenue was up 0.7 per cent at £10.7 billion, but pre-tax profit was down 62 per cent at £66.8m.

Battlefield 5 reveal rumors: WWII setting, battle royale and more
In addition to War Stories, Battlefield 5 is also said to offer "new modes and experiences" along with "gameplay changes". With a time period spanning 6 years, it's unclear what year exactly Battlefield V will be set during.

ZTE could face fresh US$1.3b fine, Trump says
Trump suggested himself that Xi was pulling strings in Pyongyang to put pressure on USA trade negotiators. Some of his loyalists led by former chief strategist Steven Bannon criticized the deal as a capitulation.

Trump administration moves forward with proposed restriction on funding for abortion providers
Trump's latest regulatory jab at Planned Parenthood, which would alter long-standing policy , seems to validate that point. For years, consistent majorities of Americans have said abortion should be legal in all or most cases.